Franklin Liberty U.S. Low Volatility ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.9x P/Sales
ratio
3.1x
P/BV
ratio
4.0x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin Liberty U.S. Low Volatility ETF is an actively-managed fund which seeks capital appreciation with lower volatility than the Russell 1000 Index.

FUND BASICS
Category US Equities
Fund Sponsor Franklin ETF Trust
Website www.libertyshares.com
Inception date Sep 20, 2016
Assets (mns) $131
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 86
Wgt avg mkt cap (mns) $196,232
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AUTOMATIC DATA PROCESSING 1.8 %
AMPHENOL CORP-CL A 1.6 %
ANALOG DEVICES INC 1.6 %
INTUIT INC 1.6 %
TEXAS INSTRUMENTS INC 1.5 %
SYNOPSYS INC 1.5 %
APPLE INC 1.5 %
FISERV INC 1.5 %
MICROSOFT CORP 1.5 %
MOTOROLA SOLUTIONS 1.5 %
Total 15.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.9 %
IRELAND 2.7 %
CANADA 1.3 %
BRITAIN 1.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.4% 4.6% -- -- 12.2%

Market Correlations
versus... Beta R-squared
S&P500 0.88 95%
MSCI EAFE 0.90 81%
MSCI Emg. Mkts. 0.62 60%

Technical Indicators
Recent close $41.50
30d moving avg. $40.06
Annualized volatility 16.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.3%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $73,320

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Franklin Liberty U.S. Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with FLLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLLV Expense: 29 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLLV
Ticker Fund
Name
Overlap1
vs FLLV
(%)
Expense
ratio
(bp)
Savings
vs FLLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLLV
(%)
FDLO Fidelity Low Volatility Factor ETF 44.2 29 0 4.9 -0.2
USMV iShares Edge MSCI Min Vol USA ETF 42.9 15 14 5.3 +0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 39.7 25 4 5.7 +0.5
DEF Invesco Defensive Equity ETF 39.5 55 -26 5.0 -0.1
PFM Invesco Dividend Achievers ETF 38.8 53 -24 5.0 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 38.8 15 14 5.4 +0.3
ACIO Aptus Collared Income Opportunity ETF 38.5 79 -50 4.3 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 38.3 28 1 6.0 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 38.1 0 29 4.7 -0.4
OEF iShares S&P 100 ETF 38.0 20 9 4.5 -0.7
IWL iShares Russell Top 200 ETF 37.6 15 14 4.6 -0.6
IWX iShares Russell Top 200 Value ETF 37.4 20 9 6.2 +1.1
MGC Vanguard Mega Cap Index Fund 37.3 7 22 4.8 -0.4
FLQL Franklin LibertyQ U.S. Equity ETF 37.0 15 14 5.8 +0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 36.7 25 4 5.6 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 36.2 12 17 5.1 -0.1
DTD WisdomTree U.S.Total Dividend Fund 36.0 28 1 6.2 +1.0
XLG Invesco S&P 500 Top 50 ETF 36.0 20 9 4.2 -0.9
DGRO iShares Core Dividend Growth ETF 35.8 8 21 6.2 +1.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 35.4 70 -41 5.6 +0.4
QLV FlexShares US Quality Low Volatility Index Fund 35.4 22 7 4.6 -0.5
SPQQ Siren Large Cap Blend Index ETF 35.4 20 9 4.4 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 35.1 75 -46 4.5 -0.7
PBP Invesco S&P 500 BuyWrite ETF 35.1 49 -20 4.6 -0.5
HSPX Global X S&P 500 Covered Call ETF 34.8 60 -31 4.6 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 34.7 27 2 4.6 -0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 34.6 60 -31 4.6 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 34.5 4 25 6.2 +1.1
SPLV Invesco S&P 500 Low Volatility ETF 34.4 25 4 5.5 +0.3
SPY SPDR S&P 500 ETF Trust 34.2 9 20 4.9 -0.2
IVV iShares Core S&P 500 ETF 34.2 3 26 5.0 -0.2
SPLG SPDR Portfolio Large Cap ETF 34.2 3 26 5.0 -0.2
IQSU IQ Candriam ESG US Equity ETF 34.0 9 20 4.7 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 34.0 8 21 5.9 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.0 20 9 4.6 -0.6
MGV Vanguard Mega Cap Value ETF 33.9 7 22 6.7 +1.5
VOO VANGUARD S&P 500 ETF 33.8 3 26 5.0 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 33.8 25 4 6.1 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 33.8 27 2 4.9 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 33.6 20 9 4.9 -0.2
VIG Vanguard Dividend Appreciation Index Fund 33.6 6 23 5.0 -0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 33.5 12 17 4.5 -0.6
VOOV Vanguard S&P 500 Value ETF 33.5 10 19 6.7 +1.5
LGLV SPDR Russell 1000 Low Volatility ETF 33.5 12 17 5.2 +0.0
ESGV Vanguard ESG U.S. Stock ETF 33.4 12 17 4.7 -0.5
USDY Pacific Global US Equity Income ETF 33.4 29 0 7.7 +2.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.1 7 22 4.8 -0.4
VYM Vanguard High Dividend Yield Index ETF 33.1 6 23 6.9 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 32.8 32 -3 4.7 -0.5
EFIV SPDR S&P 500 ESG ETF 32.7 10 19 4.7 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.6 2 27 4.8 -0.3
SNPE Xtrackers S&P 500 ESG ETF 32.6 10 19 4.7 -0.5
CLRG IQ Chaikin U.S. Large Cap ETF 32.6 25 4 5.2 +0.0
SPXT ProShares S&P 500 Ex-Technology ETF 32.5 27 2 5.1 -0.0
PBUS Invesco PureBeta MSCI USA ETF 32.5 4 25 4.8 -0.4
VV Vanguard Large-Cap Index Fund 32.4 4 25 4.8 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 32.2 15 14 5.8 +0.7
SPYV SPDR Portfolio S&P 500 Value ETF 32.1 4 25 6.7 +1.6
IVE iShares S&P 500 Value ETF 32.1 18 11 6.6 +1.4
OUSA O'Shares FTSE US Quality Dividend ETF 32.0 48 -19 5.5 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 32.0 3 26 5.1 -0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.0 29 0 5.2 +0.0
VTV Vanguard Value Index Fund 31.8 4 25 6.7 +1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 31.8 27 2 4.6 -0.6
SCHX Schwab U.S. Large-Cap ETF 31.6 3 26 4.8 -0.4
FQAL Fidelity Quality Factor ETF 31.5 29 0 5.1 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 31.5 15 14 4.6 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 31.4 10 19 4.9 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 31.4 10 19 4.9 -0.3
VONV Vanguard Russell 1000 Value Index Fund 31.2 8 21 6.4 +1.2
JKD iShares Morningstar Large-Cap ETF 31.2 20 9 5.3 +0.2
IWB iShares Russell 1000 ETF 31.1 15 14 4.7 -0.5
SCHK Schwab 1000 Index ETF 31.0 5 24 4.8 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.9 25 4 6.0 +0.8
RAFE PIMCO RAFI ESG U.S. ETF 30.9 29 0 7.0 +1.8
IWD iShares Russell 1000 Value ETF 30.9 19 10 6.2 +1.1
IYY iShares Dow Jones U.S. ETF 30.8 20 9 4.6 -0.5
SPMV Invesco S&P 500 Minimum Variance ETF 30.7 10 19 5.5 +0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 30.7 37 -8 5.7 +0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.6 60 -31 3.8 -1.4
IUSV iShares Core S&P U.S. Value ETF 30.6 4 25 6.8 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 30.3 39 -10 6.1 +0.9
VTHR Vanguard Russell 3000 Index Fund 30.2 10 19 4.6 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 30.2 29 0 6.3 +1.1
WOMN Impact Shares YWCA Women's Empowerment ETF 30.1 75 -46 3.7 -1.4
SFY SoFi Select 500 ETF 30.1 0 29 4.7 -0.5
IUS Invesco Strategic US ETF 29.9 19 10 5.7 +0.5
IWV iShares Russell 3000 ETF 29.5 20 9 4.5 -0.6
ROUS Hartford Multifactor US Equity ETF 29.5 19 10 6.1 +0.9
SCHB Schwab U.S. Broad Market ETF 29.4 3 26 4.7 -0.5
VOOG Vanguard S&P 500 Growth ETF 29.4 10 19 4.1 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.4 9 20 5.2 +0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 29.3 3 26 4.6 -0.5
DSI iShares MSCI KLD 400 Social ETF 29.2 25 4 4.7 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 29.1 25 4 6.0 +0.8
NULC Nuveen ESG Large-Cap ETF 29.0 20 9 4.6 -0.6
LSLT Salt Low truBeta US Market ETF 28.9 60 -31 5.6 +0.4
VSDA VictoryShares Dividend Accelerator ETF 28.8 35 -6 4.6 -0.6
VONE Vanguard Russell 1000 ETF 28.7 8 21 4.7 -0.4
VTI Vanguard Total Stock Market Index Fund 28.7 3 26 4.6 -0.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Franklin Liberty U.S. Low Volatility ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.9 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.